Vitalik Buterin Sells Free Meme Coins Once More, Realizes $96K on Uniswap

Ethereum co-founder Vitalik Buterin has once more attracted attention to his on-chain activities after liquidating several meme coins he received at no cost, converting them into 22.14 ETH, approximately $96,000, on the decentralized exchange Uniswap.

As per blockchain records, these transactions occurred on October 10, 2025. Buterin’s wallet exchanged 40.25 billion SPURDO, 10.31 billion MARVIN, and six trillion DOJO tokens via Uniswap’s Universal Router.

vitalik.eth(@VitalikButerin) just sold some #memecoins received for free again and got 22.14 $ETH($96.4K).https://t.co/pMvkZHjIyD pic.twitter.com/yoq8zz3yXC

— Lookonchain (@lookonchain) October 10, 2025

The swaps were completed within a matter of minutes, directly converting the tokens into ETH.

Shortly after finalizing the trades, Buterin transferred 70 ETH, valued at around $304,000, to a new wallet associated with the Methuselah Foundation.

The foundation subsequently moved the funds through Railgun, a privacy-oriented protocol recognized for concealing transaction details.

The meme coins sold were tokens distributed by the community that Buterin had not actively sought. This aligns with his established practice of selling or donating unsolicited tokens sent to his “vitalik.eth” wallet, which developers often utilize for visibility and credibility.

Buterin Sells Airdropped Meme Coins, Emphasizing Ongoing Discontent with Speculative Hype

The Ethereum co-founder has consistently criticized the practice, labeling unsolicited airdrops as disruptive and unnecessary.

In prior instances, he has indicated that any tokens sent to him without permission would either be sold or donated to charitable organizations.

This recent action mirrors similar activities observed in 2021 and 2023, when Buterin sold or donated various meme tokens, including SHIBA INU and AKITA, that were airdropped to him.

Those actions at the time resulted in notable price fluctuations in the affected tokens, as traders reacted quickly to his transactions.

SPURDO and MARVIN are part of several meme-driven initiatives inspired by internet culture.

Source: Lookonchain

MARVIN, themed around Elon Musk’s dog, emphasizes community engagement and charitable efforts such as animal rescue.

Conversely, SPURDO is based on a Finnish internet meme character. Both tokens experienced a brief surge in interest following their launch, but trading activity has largely relied on social media trends and market sentiment.

Market observers suggest that Buterin’s recent sale may apply short-term pressure on these meme coins, although it is improbable to have a lasting effect beyond community responses.

His consistent method of managing unsolicited tokens further reinforces his long-standing position against speculative hype that exploits his name or Ethereum’s reputation.

Importantly, Buterin’s broader aim is to channel meme coin energy toward positive-sum social impact. In October 2024, he donated 10 billion tokens to an organization focused on developing anti-airborne-disease technology, and in August 2024, he contributed animal-themed tokens to the Effective Altruism Funds’ Animal Welfare Fund.

@VitalikButerin has liquidated nearly $1 million worth of meme coins, using the proceeds to support his Kanro charity.#VitalikButerin #CryptoPhilanthropyhttps://t.co/dhWHWHvzES

— Cryptonews.com (@cryptonews) January 6, 2025

Earlier in January 2025, Buterin liquidated $2.5M in meme coins and transferred $984,000 in USDC to his Kanro biotech fund, which supports biotechnology and public health research.

The Ethereum co-founder’s on-chain activities have been a frequent topic of analysis. In 2024, his wallet sold a total of 950 ETH, valued at approximately $2.28 million, in several transactions, a pattern that observers noted was likely designed to minimize price impact.

While Buterin has not publicly addressed the latest meme coin sales, his actions continue to highlight the transparency of blockchain transactions and the challenges associated with being a prominent figure in the crypto landscape.

Vitalik Buterin Tests New Privacy Tool as Ethereum Faces Challenges Below Key Resistance

Ethereum co-founder Vitalik Buterin recently experimented with Hinkal’s new “Invisible Wallet,” a privacy-centric tool intended to obscure on-chain activities.

Analysts suggest Hinkal’s privacy wallet could represent a significant advancement for personal security on-chain, but caution that it is not a definitive solution against determined attackers.#Privacy #Blockchain #Cryptohttps://t.co/2SfDIpKz9F

— Cryptonews.com (@cryptonews) September 15, 2025

The trial occurs amid a surge in crypto-related hacks, which amounted to $163 million in August alone, according to PeckShield. Over the past five years, investors have lost more than $4 billion due to targeted attacks.

Hinkal’s wallet seeks to safeguard large holders by concealing transactions without violating compliance regulations. CEO Giorgi Koreli referred to blockchain transparency as a “bug,” arguing that the complete visibility of assets, totaling over $4 trillion globally, puts users at risk.

“Privacy-preserving wallets are the future,” Koreli stated, emphasizing that surveillance-driven systems compromise user freedom.

Blockchain data indicates Buterin sent 0.01 ETH (approximately $44) using Hinkal’s tool in late August. While the transaction was recorded, additional internal details were concealed, showcasing the wallet’s anonymizing capability.

Meanwhile, Ethereum’s market performance has weakened. ETH declined nearly 2% in 24 hours to around $4,357 and 3% over the week, even as trading volume increased by 15%, according to CoinMarketCap data.

Analysts, including Ali Martinez, have identified the $4,000–$4,800 range as a “danger zone,” where multiple rallies have historically encountered significant selling pressure.

I wasn’t lying when I told you $4,000–$4,800 is a danger zone for Ethereum $ETH! https://t.co/KlHhiUGo91 pic.twitter.com/SlR9lV7HAY

— Ali (@ali_charts) October 10, 2025

Technically, ETH remains in a long-term uptrend but is experiencing diminishing short-term momentum. Analysts caution that breaching the $4,000 support could lead to a deeper correction toward $3,400, although the overall bullish structure remains intact for the time being.

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